Nationalised Industries (Staff Interests)

asked the Secretary of State for Trade and Industry what general directions are in force with regard to the outside business interests and activities of the management and staff of nationalised industries for which he is responsible.

There are no general directions. Members of the nationalised boards for which I am responsible are required either in the relevant Act or supporting regulations to declare their business and financial interests to me so that I can be satisfied that they do not prejudice the performance of their functions and are not incompatible276W
with the appointment. Rules concerning staff are a matter for the board concerned.